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Entries Tagged as 'fbmklci'

REITS and Banking

October 16th, 2019 No Comments

I’m penning this down so that it will appear more predictive when it happens. REITS chart (first one below)is going down while the banking sector (finance) (2nd chart) is turning up – contrary to what the news is out there Please follow and like us:

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KLCI

September 23rd, 2019 No Comments

From March 2018 to Sept 2018, a long term downward channel has been established In June and July 2019 this year, for the first time it tried to go above the supply line And it becomes very clear that in July 2019, there is no sufficient demand to sustain this move and so it dropped […]

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Maybank

August 29th, 2019 No Comments

The worst place to trade is in the middle of a trading channel. Not surprisingly, this is the place where most retailers love to action. Looking at the chart above, a better trading price to buy is around RM8, i.e. the low of the downward channel. Trading at this price will also reduce price risk […]

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Price Risk vs Information Risk

August 21st, 2019 No Comments

Most retailers confuse the concept between price risk and information risk Information risk means how much we know about an asset, example a publicly listed company If we know a lot about a company, we say that the information risk is low When retailers try to ‘research’ for more information about a company, the thinking […]

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GenM

August 21st, 2019 No Comments

Like I said before in the Public Bank post, for blue chip counters, you have to buy on weakness (and bite the bullet) The current price is attractive to collect Please follow and like us:

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KNM

August 20th, 2019 No Comments

KNM has shot up fast and furious from the base at RM0.20 At current level, it still has the opportunity to go up to about RM0.425 level (the final level before it slams down OR forms a base for the next move up), but one needs to be very nimble to trade this and get […]

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Bumi Armada

August 20th, 2019 No Comments

Without looking at the quarterly financials due latest by 31 August, this chart itself spells weaknesses One might think it has bottomed up and therefore represents a good buying opportunity but as at today there is nothing to say demand has come back in At best it will still be moving sideline for the next […]

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Support and Resistance

August 14th, 2019 No Comments

The first step to successful chart reading involves identifying (and drawing) [perfectly] horizontal lines on the chart called support or resistance. It goes like this: Imagine a stock price dropping from a high Once it is ‘low’ enough, it starts to move sideway A stock price dropping means sellers are overwhelming buyers. There are more […]

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Pbbank

August 14th, 2019 No Comments

Public Bank is approaching RM20, a long time support line since 2014 This represents a good buying opportunity for people looking at long term Even at current price, it has the potential to bounce back to RM22 (lower of the downward channel). At a minimum, it should rally back to RM21 area (mid of downward […]

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FBMKLCI

July 31st, 2019 No Comments

On 19 July, I projected FBMKLCI using a daily chart. I said it will push downwards, hitting 1640 as the first stop. 2 weeks later now, it hit that point. So an update is due 1640 is the mid of downward channel. It will consolidate here for a while before deciding on the next move […]

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